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Kuda, also known as Kuda Technologies Limited, is a Microfinance Bank and fintech company operating in Nigeria and the UK. It was founded by Babs Ogundeyi and Musty Mustapha in 2019. [1] [2] [3] The company initially begun as Kudimoney, or "the bank of the free", an online-only savings and lending platform.
Letshego Holdings Limited was incorporated on 4 March 1998 as Micro Provident Botswana Limited a microfinance institution whose core function was to provide of unsecured loans clients, who had full-time employment. [4] The company was listed on the BSE in 2002 through a successful IPO. The funds from this IPO were utilized to expand the group ...
Between 2001-2016, his foundation funded 14, 000 startups, with a 70% success rate. [7] Its projects include a microfinance venture in collaboration with Swazi chiefs to provide "affordable loans and financial literacy training to Swazi women." [21] By 2015, around 20,000 people were employed by small-scale businesses started by the fund. [21]
The bank has various branches in Tanzania, Dar es Salaam and in Moshi and Arusha. It has managed to take an approach which is relatively risky to microfinance through embracing and extending it within their different activities (Lindvert et al., 2018). Most of the microfinance services offered by this bank in Tanzania are mainly saving deposits.
The Microfinance Network is a network of 20 to 25 of the world's largest microfinance institutions, spread across Asia, Africa, the Middle East, Europe and Latin America. Established in 1993, the Microfinance Network provided support to members that helped steer many industry leaders to sustainability, and profitability in many of their largest ...
The Nobel laureate Muhammad Yunus, founder of Grameen Bank, is credited with lifting millions out of poverty in the country of Bangladesh. Grameen became famous for pioneering the concept of ...
Microcredit is just one factor influencing the success of a small businesses, whose success is influenced to a much larger extent by how much an economy or a particular market grows. [ 39 ] Unintended consequences of microfinance include informal intermediation: some entrepreneurial borrowers may become informal intermediaries between ...
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